TSMC and GlobalFoundries Finish Talks Over Chips Act Awards.

TSMC and GlobalFoundries have finalized agreements for grants and loans to support semiconductor factories in the US, in line with the Chips Act. TSMC's package includes $6.6 billion in grants for three factories in Phoenix, while GlobalFoundries' agreement is for $1.5 billion in grants for a new plant in New York. The Chips Act aims to revitalize American semiconductor manufacturing with $39 billion in grants, loans, and tax credits, with more companies in line for funding. The process is expected to continue under the new administration, with industry officials eager to move forward despite some uncertainty. [Extracted from the article]